Magnolia Oil & Gas Operating LLC
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Magnolia Oil & Gas Operating LLC - overview
Established
2017
Location
Fort Worth, TX, US
Primary Industry
Financial Services
About
Magnolia Oil & Gas Operating LLC engages primarily in the exploration and production of oil and gas, focusing on delivering energy solutions through strategic asset management and development. Founded in 2017, Magnolia Oil & Gas Operating LLC operates in Fort Worth, US, specializing in the exploration and production of oil and gas. The company emerged following a merger with Enervest's South Texas oil and gas division in 2018, which led to its current operational structure. Key executives include CEO Gail Baggett and founder Ina Progonati, known for their experience in the energy sector.
The company has completed two significant deals, including an IPO that raised USD 600 mn in May 2017. Magnolia Oil & Gas Operating LLC focuses on the exploration, production, and management of oil and gas resources. With a dedicated team, the company aims to enhance its operational capabilities, ensuring efficient extraction and management of hydrocarbon resources while meeting the energy needs of its clients. The company seeks to optimize production processes through technological advancements and strategic asset management.
In the most recent year of 2017, Magnolia Oil & Gas Operating LLC reported zero revenue with an EBITDA of -USD 1,051,702. The company’s financial structure includes various revenue-generating activities aligned with its operations in oil and gas production. Magnolia Oil & Gas Operating LLC plans to leverage recent funding from its IPO to expand its asset base and enhance production capabilities. The firm is exploring new opportunities within the oil and gas sector, particularly focusing on increasing its operational footprint in North America.
The company aims to optimize its existing assets while pursuing strategic acquisitions to drive growth by the end of 2023.
Primary Industry
Financial Services
Sub Industries
Oil & Gas, Financial Services
Website
www.tpg.com/pace-energy
Company Stage
Buyout
Total Amount Raised
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Magnolia Oil & Gas Operating LLC - financials
| Fiscal Year Ended | Dec 31, 2017 |
|---|---|
| Revenue (USD) | - |
| % Revenue Growth (YoY) | - |
| EBITDA (USD) | - |
| Operating Income (USD) | - |
| Operating Margin | - |
| % EBITDA Margin | - |
| NET Income (USD) | - |
| % Net Margin | - |
Magnolia Oil & Gas Operating LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Magnolia Oil & Gas Operating LLC | - |
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